HI Financial Services Mid-Week 04-22-2014
The more perfect a thin is, the more susceptible to good and bad
treatment it is. – Dante Alighieri
What has been happening
so far this week?
So far we are continuing the bull rally/rebound. We are approaching the top end of our range
of 16600 on the DJIA and 1900 on the S&P.
I don’t see a catalyst at this time except for earnings themselves. The numbers have been lowered due to the
weather which is going to benefit the beats, meets, and misses. The growth is not going to look good for the
quarter but once again the growth is supposed to happen at the end of the year. There may be some big hitters that move
significantly higher. This is a stock
pickers market and you need to look for those value stocks that have a
valuation attractive to the professionals.
Where will our market
end this week?
I would expect to see the market move to the 16,600 DJIA
top of the range. Look to see the
S&P test 1900. We do have AAPL, FB,
NFLX, BIDU, MSFT, CAT, MMM and others that may help break out of our
range. It would surprise me and I was
already prepared for earning with collar trades. Next week is the FOMC meeting and that could
push our markets higher. I would expect
a pullback from the 1900 level of the S&P.
That means the market will stall even with better than expected
earnings.
DJIA– Here we go to the
16,600 level for another test to see if there is a catalyst to break it. Technically speaking we are bullish
again.
SPX – Back to test 1900
and yes we are also technically bullish again on the S&P
COMP – Huge bounce off
the 200 SMA and now to test the 50 SMA at 4224.64 A good almost 10 % intra-day “pullback”
Where Will the SPX end April
2014?
04-22-2014 Let’s plan on
1900 to end on. It seems like it is
heading that way and no real news to push us any other direction. Pay close attention to the FOMC meeting next
Wednesday when Yellen speaks again.
04-15-2014 I would feel
lucky if we hit 1900 by the end of the month but I believe it all depends on
earning!!!
04-08-2014
We hit 1900 the first
week of April. We hit my expectation but
we sure didn’t hold it worth beans. I am
still going to follow the trend and call 1900 to be at by the end of the month
of higher. Now if earnings don’t come in
like we expect or worse than expected economic news occurs we could be looking
at a much lower SPX number. Right now it
hasn’t occurred so I won’t speculate and screw up my trading.
04-01-2014
We are starting a new
quarter which normally means buying for funds and re-establishing
positions. The market received very dovish comments
by Yellen and earnings season starts with low expectations. Let’s shoot for 1900 again.
What is on tap for the
rest of the week?=
Earnings:
Tues:
GN, T, CREE, DFS, HOG, ISRG,
LMT, MCD, VMI, YUM,
Wed:
BA, DAL, EMC, IM, JCI, PG,
TXN, CAKE, ZNGA, AAPL, TXN, FB
Thur:
MMM, AMGN, CAB, CAT, CELG, CLF,
DNKN, FCX, GM, BIDU, NBL, MSFT, JBLU, HSY, SIRI, RTN, PHM, P UPS, UA, SBUX, LUV,
V, VZ
Fri: ALK,
GL, VFC, WHR
Econ Reports
Tues: FHFA
Housing, Existing Home Sales
Wed: MBA, New Home
Sales
Thur: Initial Claims, Continuing
Claims, Durable, Durable Ex-Trans
Fri:
Mich Sentiment
Int’l:
Tues – CN:
PMI Flash Manufacturing Index
Wed – FR
E:EMU:
PMI Composite GB: BOE Announcement, NZ:
RBNZ Announcement
Thurs – FR: Business Climate
JP: CPI
Friday – JP: All
Industry Index GB: Retail Sales
Sunday –
How I am looking to
trade?
GO collar trade GO!!!
Earnings:
AAPL 4/23 AMC EPS-$10.14
BA 4/23 BMO EPS-$1.56
BIDU 4/24 AMC
CAT 4/24 EPS-$1.25
CLDX
D 4/30
DIS 5/6
F 4/25
FB 4/23 AMC EPS-$0.24
GOOG 4/16
LNCO 5/01 BMO EPS-$0.52
MS 4/17 BMO EPS-$0.61
MEI 6/19
SNDK 4/16 AMC EPS-$1.25
SBUX 4/24
TSLA 5/07 estimated
date
ZION 4/21 AMC EPS-$0.42
Questions???
www.myhurleyinvestment.com =
Blogsite
customerservice@hurleyinvestments.com =
Email
Article Links can be followed by being a twitter follower
Apple earnings:
Don’t expect surprises as consumers await iPhone 6 – CNBC
Why S&P 500 still set for 10% gain: Fund manager
http://www.cnbc.com/id/101598247
Value stocks to stay in vogue, as momentum fades
http://www.cnbc.com/id/101599397
Historically miserable earnings cycle may not matter
http://www.cnbc.com/id/101593414
These Stocks Will
Prosper Regardless of Obamacare’s Fate
http://moneymorning.com/2014/04/17/these-stocks-will-prosper-regardless-of-obamacares-fate/
HI Financial Services Mid-Week 06-24-2014